AT&T Considers Boosting Its Stake
Or Buying Dobson Communications

a Wall Street Journal Staff Reporter

Updated Feb. 21, 2001 12:01 a.m. ET

NEW YORK -- AT&T Corp., which took a $200 million equity stake in Dobson Communications Corp. earlier this month, said it could increase its ownership in the company or potentially acquire the cellular provider.

In a filing with the Securities and Exchange Commission, AT&T said it has held "exploratory discussions" with executives and stockholders of Dobson regarding "potential transactions" between the two...